COVID-19 Resources for Small Businesses
Paycheck Protection Program (PPP)
U.S. Department of Treasury new information regarding the Paycheck Protection Program. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. Resources provided by the U.S. Department of Treasury below and visit their webpage for additional information.
NEW - Coronavirus Small Business Guide & Loan Checklist can be found here
A top-line overview of the program can be found here.
If you’re a lender, more information can be found here.
If you’re a borrower, more information can be found here.
NEW - Updated application for borrowers can be found here.
When can you apply for the PPPL (Paycheck Protection Program Loan)?
Small businesses and sole proprietors can apply for the loans beginning April 3. Independent contractors and self-employed individuals can apply on April 10.
Maryland Small Business COVID-19 Business Relief Programs
Maryland Small Business COVID-19 Emergency Relief Loan Fund
Maryland Small Business COVID-19 Emergency Relief Grant Fund
Maryland COVID-19 Emergency Relief Manufacturing Fund
Not sure what your business NAICS # is? You will find it here.
Bookmark the NAICS manual for future reference:
SBDC Business Survival Guide – Updated as new information becomes available. https://docs.google.com/document/d/1EAS90feseZIOXDzVbNJ1wgqkNjcNpQJzGRTAy1mUjFc/edit#heading=h.afqyp6f34wrh
Maryland Department of Transportation’s Commuter Choice Maryland program promotes alternative commuting options and offers businesses benefits for implementation, such as the Maryland Commuter Tax Credit find more information for telework tips and commuter resources here.
FBI Warning - At the risk of being called a negative Nancy, scams are happening:
• Individuals and businesses selling fake cures for COVID-19 online.
• Phishing emails posing as the World Health Organization or the CDC.
• Malicious websites and apps that appear to share virus-related information to gain and lock access to your devices until payment is received,
• Seeking donations for illegitimate charitable organizations.
These scams may come through text messages, phone calls, email messages, etc. Before you act, stop. Ask yourself: Who is this message from?